Spring Valley appears moderately affordable relative to its income and housing costs. With a median household income of $74,511, the median gross rent of $1,743 represents about 28% of monthly income, which is within a range often considered manageable. However, affordability depends on individual circumstances, and the uniform non-housing calculator baseline of $1,250 per month is a model assumption, not a local observation.
Spring Valley at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $35,916. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 219,187 |
| 2024 ACS median household income | $74,511 |
| 2024 ACS median gross rent | $1,743 |
| 2024 ACS median owner-occupied home value | $433,800 |
| Derived one-way commute estimate | 24 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 28% |
The trade-off
Relative strength: Median rent at 28% of income suggests moderate affordability.. Watch closely: higher home values may offset rent affordability for buyers..
Compare Spring Valley
Frequently asked questions
Is Spring Valley Nevada affordable for renters?
Based on 2024 ACS data, median gross rent is $1,743 per month, which is about 28% of the median household income of $74,511. This ratio suggests rent is moderately affordable relative to income, though individual affordability varies.
What is the median home value in Spring Valley Nevada?
The 2024 ACS 5-year estimate for median owner-occupied home value in Spring Valley, Nevada is $433,800, according to table B25077. This reflects the citywide housing market but does not indicate neighborhood-specific values or conditions.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.